Immigration to the Rescue: New Canadians are Preventing a Recession RBC Report

Subscribe to the Pulse Newsletter for Weekly Market News (FREE) In this episode, we explore why Canada feels like it s in a recession despite not being officially declared as one. With high interest rates, inflation, rising unemployment, and softening retail demand, the economic landscape is tough. However, a surge in immigration is keeping the economy afloat, providing a crucial buffer against recessionary forces. Also in this episode: The Bank of Canada is set to lower interest rates again, hoping to ease financial pressures as inflation cools down. The upcoming U. S. presidential election causes market volatility as Biden steps down and endorses Kamala Harris. Fairfax Financial Holdings acquires Sleep Country Canada in a 1. 7 billion deal, set to close in late 2024. Thank you to BMO ETFs for supporting this video. Learn more about how BMO ETFs can help you: